Cushman, JRT pick up gig marketing bus terminal’s retail

Brokers to market 150K square feet of space at Port Authorities' transit hub

New York /
Jan.January 26, 2015 11:35 AM

Cushman & Wakefield and JRT Realty Group will be marketing the Port Authority Bus Terminal’s 150,000 square feet of retail space.

The firms will also market roughly 13,000 square feet of available space at a nearby site on Ninth Avenue, according to the Wall Street Journal. The brokers aim to attract new, specialty-food vendors and shops to offer more options to the roughly 225,000 daily commuters who pass through the terminal, the newspaper reported.

“The retail space at the bus terminal is, just like Grand Central Terminal, extraordinarily valuable,” Port Authority executive director Patrick Foye told the paper.

The Port Authority will invest $90 million in the bus terminal to add additional bypass lanes, repair ceilings and to upgrade elevators and vestibules.

The massive terminal — which spans 40th Street to 42nd Street between Eighth and Ninth avenues — will also get wireless internet and improved cellular service. [WSJ] — Claire Moses


Related Articles

arrow_forward_ios
Clockwise from top left: 312 West 34th Street, 61 North 9th Street, 639 Classon Avenue, and One Fulton Square (Credit: Google Maps)
These were the top 10 NYC retail leases in July
These were the top 10 NYC retail leases in July
Ricky's at 830 Broadway (Credit: NYC Go)
Ricky’s, iconic NYC beauty shop, faces
more closures
Ricky’s, iconic NYC beauty shop, faces
more closures
From top, clockwise: Cushman & Wakefield's Joanne Podell, Showfields' Amir Zwickel, Appear Here's Josh Yentob, Brookfield Properties's Mark Kostic (Credit: Getty, LinkedIn)
When it comes to retail, “real estate in New York is fundamentally broken”
When it comes to retail, “real estate in New York is fundamentally broken”
CBRE’s Darcy Stacom and Bill Shanahan; Cushman & Wakefield’s Doug Harmon and Adam Spies
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
Titans of the towers: TRD’s annual ranking of NYC’s top investment sales firms
CBRE CEO Robert Sulentic and One World Trade Center (CBRE, iStock)
Port Authority taps CBRE to manage WTC
Port Authority taps CBRE to manage WTC
The Printing House at 421 Hudson Street. (Compass, Getty)
Printing House condo board sues commercial owner for unpaid common charges
Printing House condo board sues commercial owner for unpaid common charges
Leasing activity is heating up for vacant storefronts that could fill up with restaurants and shops related to health, pets and home delivery (iStock)
Stores seeking bargains as NYC retail eyes rebound
Stores seeking bargains as NYC retail eyes rebound
Cushman & Wakefield CIO Nathaniel Robinson and CEO Brett White (iStock)
Cushman launches $250M SPAC
Cushman launches $250M SPAC
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...